Just Closed

ReadyCap is pleased to showcase these recently closed transactions. Call us at 888-354-0822 to discuss your commercial real estate financing needs.

$734,500 - April 2014

LOCATION: Dallas, TX

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Cash-out refinance.

$2,270,000 - April 2014

LOCATION: San Antonio, TX

PROPERTY TYPE: Retail

HIGHLIGHTS: Cash-out refinance with hold-back for deferred maintenance. Out-of-state borrower. 

$3,700,000 - April 2014

LOCATION: Greensboro, NC

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Cash-out refinance.

$1,710,000 - April 2014

LOCATION: Teaneck, NJ

PROPERTY TYPE: Office

HIGHLIGHTS: Cash-out refinance.

Foreign national, 75% LTV
$708,750 - April 2014

LOCATION: Chicago, IL

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Foreign national buyer, 75% LTV with earn-out.

$1,545,000 - March 2014

LOCATION: San Francisco, CA

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Cash-out refinance.

$1,925,000 - March 2014

LOCATION: Sherman Oaks, CA

PROPERTY TYPE: Retail

HIGHLIGHTS: Cash-out refinance.

Closed in 32 days
$2,800,000 - March 2014

LOCATION: Hayward, CA

PROPERTY TYPE: Industrial

HIGHLIGHTS: Investor Bridge financing, 70% LTV. Closed in 32 business days.

$9,295,000 - Feb. 2014

LOCATION: Pittsburgh, PA

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Conventional Multifamily loan with hold-back, 65% LTV.

$1,080,000 - Feb. 2014

LOCATION: Pasadena, TX

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Conventional Multifamily acquisition loan, 75% LTV, 53-unit apartment complex. 

$6,438,000 - Feb. 2014

LOCATION: Richmond, VA

PROPERTY TYPE: Retail

HIGHLIGHTS: Conventional Commercial loan with deferred maintenance hold-back, 10-yr term. Maturing note payoff for  shopping center, 78% occupied.

$910,000 - Feb. 2014

LOCATION: Houston, TX

PROPERTY TYPE: Multifamily 

HIGHLIGHTS: Conventional Multifamily financing for purchase of Class C apartment, 65% LTV, out-of-state investor. 

$1,295,000 - Feb. 2014

LOCATION: Frisco, TX

PROPERTY TYPE: Retail

HIGHLIGHTS: Conventional Commercial loan, 70% LTV, cash-out refinance.

$830,000 - Feb. 2014

LOCATION: Greensboro, NC

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Conventional Multifamily full recourse loan, 65% LTV, cash out.

$10,220,000 - Feb. 2014

LOCATION: Berkeley, CA

PROPERTY TYPE: Office 

HIGHLIGHTS: Investor Bridge, non-recourse financing for purchase of mostly vacant office building. 

 

$1,850,000 - Feb. 2014

LOCATION: Henderson, NV

PROPERTY TYPE: Retail 

HIGHLIGHTS: Conventional Commercial loan with cash-out. 

 

Express, closed in 24 days
$15,540,000 - Jan. 2014

LOCATION: San Diego, CA

PROPERTY TYPE: Office

HIGHLIGHTS: Mezzanine financing with a quick closing.

$10,000,000 - Jan. 2014

LOCATION: Los Angeles, CA

PROPERTY TYPE: Industrial 

HIGHLIGHTS: Conventional Commercial, non-recourse financing. 

$728,000 - Jan. 2014

LOCATION: Durham, NC

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Conventional Multifamily loan, 70% LTV, 30-yr amortization. 

Express, closed in 27 days
$4,200,000 - Jan. 2014

LOCATION: Houston, TX

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Investor Bridge, 70% cash-out loan on 240-unit apartment complex. Underwritten with short-term historical operating data. Property stabilized at 91% occupancy, from 40%, after major renovation and capital improvements.

$3,600,000 - Jan. 2014

LOCATION: Brooklyn, NY

PROPERTY TYPE: Mixed Use Commercial

HIGHLIGHTS: Investor Bridge financing on this mixed-use property.

Express, closed in 22 days
$2,636,500 - Dec. 2013

LOCATION: Jacksonville, FL

PROPERTY TYPE: Office

HIGHLIGHTS: Investor Bridge financing, non-recourse purchase on 70,934 sq. ft. office with 17% occupancy.

$3,000,000 - Dec. 2013

LOCATION: Forth Worth, TX

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Conventional Multifamily non-recourse financing, 70% cash out, on 191 unit apartment complex. Underwritten with short-term historical operating data.

$1,767,500 - Dec. 2013

LOCATION: West Valley City, UT

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Conventional Multifamily refinance, 10-yr fixed, 30 yr amortization with cash out.

Foreign national borrower
$715,000 - Dec. 2013

LOCATION: Pensacola, FL

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Conventional Multifamily, cash-out refinance for foreign national borrower. 

$4,560,000 - Dec. 2013

LOCATION: Portland, OR

PROPERTY TYPE: Industrial 

HIGHLIGHTS: Investor Bridge, non-recourse financing with hold-back of $385,000. Experienced, out-of-state borrower. 

 

$1,440,000 - Dec. 2013

LOCATION: Augusta, GA

PROPERTY TYPE: Retail

HIGHLIGHTS: Conventional Commercial, non-recourse financing. Major tenant is special use. 

$2,000,000 - Dec. 2013

LOCATION: Bronx, NY

PROPERTY TYPE: Industrial

HIGHLIGHTS: Conventional Commercial, non-recourse loan.

Foreign national, 75% LTV
$806,250 - Nov. 2013

LOCATION: Chicago, IL

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Conventional Multifamily financing. Non-recourse, 75% LTV loan to foreign national borrower. 

$935,000 - Nov. 2013

LOCATION: Tampa, FL

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Conventional Multifamily financing on a 61-unit property with cash-out. Foreign national borrower. 

Closed in under 45 days
$2,650,000 - Nov. 2013

LOCATION: North Charleston, SC

PROPERTY TYPE: Retail

HIGHLIGHTS: Investor Bridge financing on retail strip center at 62% occupancy. Borrower was provided non-recourse financing to provide improvements and re-tenant the property.

$806,000 - Nov. 2013

LOCATION: Chicago, IL

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Conventional Multifamily financing on a complex transaction.

$4,270,000 - Nov. 2013

LOCATION: San Antonio, TX

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Investor Bridge financing on a 327-unit, Class C apartment complex with 75% efficiency units. Out-of-state borrowers. Provided $200,000 capital improvement.

$4,500,000 - Nov. 2013

LOCATION: Chicago, IL

PROPERTY TYPE: Mixed Use

HIGHLIGHTS: Conventional Commercial financing, cash-out refinance for foreign national borrower.

Closed in 33 days
$3,162,000 - Nov. 2013

LOCATION: Dallas, TX

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Conventional Multifamily, non-recourse financing. Funded in 33 days. Subject property is Class B asset with deferred maintenance.

$1,330,000 - Oct. 2013

LOCATION: Orlando, FL

PROPERTY TYPE: Retail

HIGHLIGHTS: Conventional Commercial financing for 14,000 sq. ft. neighborhood retail strip center. Tight closing timeline met to accommodate terms of the purchase and sales agreement.

Closed in 44 days
$2,808,000 - Oct. 2013

LOCATION: Jacksonville, FL

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Investor Bridge loan for the purchase of a 108-unit, Class C multifamily property. Two-year term with $500k holdback for capital expenditures. Funded in less than 45 days.

$1,671,000 - Oct. 2013

LOCATION: Phoenix, AZ

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Conventional Multifamily financing on property with unstable operating history.

Foreign national, 75% LTV
$1,575,000 - Oct. 2013

LOCATION: Charlotte, NC

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Investor Bridge financing for foreign national buyer, 75% LTV.

$1,125,000 - Oct. 2013

LOCATION: Atlanta, GA

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Investor Bridge financing for a foreign national borrower making first domestic property purchase in the U.S.

$1,200,000 - Sept. 2013

LOCATION: Allentown, PA

PROPERTY TYPE: Mixed Use

HIGHLIGHTS: Conventional Multifamily cash-out refinance on recently renovated property, 5-year fixed, 30-year amortization loan, 60% LTV.

$949,000 - Sept. 2013

LOCATION: Denver, CO

PROPERTY TYPE: Office

HIGHLIGHTS: Conventional Commercial loan, 65% LTV. Cash-out refinance for an executive suite complex owned by a foreign national.

$1,600,000 - Sept. 2013

LOCATION: Ballentine, SC

PROPERTY TYPE: Retail

HIGHLIGHTS: Conventional Commercial, non-recourse financing on 97% occupied retail property, 10/25 year terms. Grocer anchor with 60% occupancy, 4 years remaining on lease; other tenants are short-term leases.  

$654,500 - Sept. 2013

LOCATION: Houston, TX

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Conventional Multifamily acquisition financing of a 32-unit, Class C apartment building. 65% LTV, out-of-state borrowers.

$10,000,000 - Sept. 2013

LOCATION: Houston, TX

PROPERTY TYPE: Office

HIGHLIGHTS: Investor Bridge financing for Class A office. Structured 5-year bridge loan to accommodate loan maturity and DPO, with interest and TI-LC reserves for future expenses.

$1,563,200 - Sept. 2013

LOCATION: Chicago, IL

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Conventional Multifamily financing, foreign national borrower, 10-year loan term.

$8,300,000 - Sept. 2013

LOCATION: Scottsdale, AZ

PROPERTY TYPE: Retail

HIGHLIGHTS: Bridge request for a shopping center with occupancy in the mid-60% range. Perm loan and rates, 65% loan-to-purchase with earn-out for quick stabilization of the center.

$825,000 - August 2013

LOCATION: San Jose, CA

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Borrower acquired property two years ago, recently completed rehab, and wanted to recapitalize and take out equity. Conventional Multifamily loan, 45% of the proceeds were cash-out financing.

Closed in 45 days
$907,500 - August 2013

LOCATION: San Antonio, TX

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Conventional Multifamily loan. Borrower is a seasoned multifamily investor with a history of experience in Texas and California.

Closed in 42 days
$2,300,000 - August 2013

LOCATION: West Hollywood, CA

PROPERTY TYPE: Retail

HIGHLIGHTS: Conventional Commercial loan on single-tenant retail with no tenant financials. Subject property is borrower's primary source of income. High rents and value per square foot.

$1,665,000 - July 2013

LOCATION: Houston, TX

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Conventional Multifamily non-recourse financing for foreign national borrower. Holdback of over $300,000 on a permanent loan.

$3,900,000 - July 2013

LOCATION: Corona, CA

PROPERTY TYPE: Self Storage

HIGHLIGHTS: Investor Bridge financing for property currently under a maturity default with 78% occupancy.

Closed in 36 days
$4,300,000 - July 2013

LOCATION: Pico Rivera, CA

PROPERTY TYPE: Industrial

HIGHLIGHTS: Investor Bridge, non-recourse financing on 90,168 SF multi-tenant industrial. Tenant profile primarily trucking service, repair, leasing. Closed in five weeks.

$580,000 - July 2013

LOCATION: Sunland, CA

PROPERTY TYPE: Mixed Use Commercial

HIGHLIGHTS: Conventional Commercial financing at 65% LTV. Class C mixed use property is 20% owner occupied, small mom-and-pop tenants with near term rollover.

$5,500,000 - July 2013

LOCATION: Charlotte, NC

PROPERTY TYPE: Office

HIGHLIGHTS: Conventional Commercial non-recourse financing for single-tenant office property, build to suit for Dept. of Homeland Security. Lease ending 2018, ReadyCap arranged 9-yr fixed, 9-yr loan term.

Closed in 44 days
$1,700,000 - June 2013

LOCATION: Lutz, FL

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Conventional Multifamily financing, 75% LTV with 30-year amortization. Met tight timeline as the current mortgage was ballooning. Creative and flexible underwriting in dealing with the ownership structure.

$2,250,000 - May 2013

LOCATION: Houston, TX

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Recent purchase of 114-unit property with 90% occupancy. Cash out financing to finish rehab and replenish borrower's capital infusion.

$510,000 - May 2013

LOCATION: West Hollywood, CA

PROPERTY TYPE: Mixed Use

HIGHLIGHTS: Conventional Commercial, cash-out financing.

$5,250,000 - May 2013

LOCATION: San Diego, CA  

PROPERTY TYPE: Retail

HIGHLIGHTS: Property in San Diego's historic Gaslamp Quarter. Lease expiration in 4.7 months. Non-recourse, 25-year, fully amortizing loan.

$7,500,000 - April 2013

LOCATION: Houston, TX

PROPERTY TYPE: Multifamily

HIGHLIGHTS: 84% LTC Bridge loan, no exit fee, holdback for improvements, docs out in 35 days.

$1,220,000 - April 2013

LOCATION: Salem, OR

PROPERTY TYPE: Multifamily Rehab

HIGHLIGHTS: 73% LTV, 80% LTC Bridge loan, distressed asset in need of renovation and retenanting.

$2,280,000 - April 2013

LOCATION: Salem, OR

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Portfolio of multiple multifamily properties, 80% LTV.

Closed in 34 days
$2,600,000 - March 2013

LOCATION: Dallas, TX  

PROPERTY TYPE: Multifamily

HIGHLIGHTS: Un-stabilized project, $330,000 holdback for improvements, foreign national borrower. Non-recourse, 25-year, fully amortizing loan at 81% LTC.